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CSPAN
Jul 27, 2011 11:00pm EDT
with of the government. people that manufacture the ammunition that we sent to the troops in afghanistan. the choice will have to be made. what he say? who'd you pay? that is an impossible situation this country has never faced and should never faced if congress does what it is elected to do. >> messages from brokerages and investors say that even if the fault is avoided, a downgrade is likely? could you speak to a downgrade? could you speak to a downgrade? >> of the rating agencies, they make their decision. a downgrade is a bad thing, the fault is catastrophic. the focus we have to have is on the necessity of reaching an agreement that can pass the both houses and be signed into law. it will extend the borrowing capacity to pay the bills will already run up for a substantial time so that we don't have this cycle. there is one measure right now, one notion out associated with one of the measures that would have us doing this again around christmas time. does anybody think that is a good idea? what kind of impact would that have on the economy? one of the most important seasons. let's throw into dou
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